ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Feb 27, 2023 15:30 JST
Source:
Downtown International
London-based Downtown International enters JV with ONERHT to expand Asia-Pacific presence
- Tokenisation on ONERHT's SDAX digital asset exchange a key objective of the JV
- Increasing cross-border capital inflows for Asia-Pacific real estate boosts JV outlook
- RHT Real Estate portfolio of SG properties a complement to Downtown's portfolio
SINGAPORE, Feb 27, 2023 - (ACN Newswire) - London-headquartered multinational real estate agency Downtown International has entered into a joint venture (JV) partnership with Singapore-based RHT AlDigi Financial Holdings, a member of ONERHT, as part of its expansion into Asia.
Downtown International is an award winning multinational real estate agency offering an extensive range of brokerage services for residential and commercial properties in downtown areas of major cities across the globe. With over 1000 agents and 150,000 real estate investors on its books, it has become a market leader in its field since its founding in 2011.
The JV partnership adds significant value and synergies to ONERHT's ecosystem of multidisciplinary professional services, including members RHT Real Estate and SDAX. RHT Real Estate's Singapore portfolio for its clients will now be complemented with Downtown's portfolio of international properties.
The JV will look into tokenisation of real estate assets on SDAX. Supported by its strategic shareholders ESR, PSA and Straits Trading, SDAX is a Monetary Authority of Singapore licenced platform that serves institutional, accredited and retail investors, providing uniquely curated assets including tokenised real estate. Through the combined strengths of both partners in origination and distribution of real estate investments, the JV will be able to offer tokenised international real estate for clients.
Mr Martin Ashkuri, Group Chief Executive Officer of Downtown International, said, "This partnership represents a significant milestone as we expand our reach and capabilities in Asia with the addition of real estate tokenisation. Access to the ONERHT ecosystem of multidisciplinary firms will place Downtown International at the forefront of future real estate trends."
"With a presence now firmly established in Asia, Downtown International will look to other major centres in the region to further develop its distribution channels. Beyond its regional headquarters in Singapore, Downtown has identified 7 additional centres in an ambitious 3-year expansion plan initiated by our Senior Management team," he added.
The JV will capitalise on Asian Pacific investors' sustained appetite for European real estate as well as the region's relative optimism on growth.
Dr Han Bin, Managing Director of the JV, Downtown Realty Pte. Ltd., said, "We plan to leverage the emerging trend of cross- border capital flows and potential of tokenisation in the real estate market to create cutting edge investment solutions. We have been working closely with institutions and family offices across the region to realise initial deal flows. We believe in the potential of tokenisation to reach out to a larger pool of investors. Tokenisation will enhance the ability for diversification and risk management of portfolios and promote liquidity in the real estate sector."
About ONERHT
ONERHT is an integrated multidisciplinary platform of professional services. Since 2011, RHTLaw Asia's founding team aspired to develop a second engine of growth through ONERHT, an independent ecosystem of professional services, associated companies and networks, complementing RHTLaw's full service legal offerings. Please visit www.onerht.com.
About Downtown International
Downtown International is an award winning multinational real estate agency offering an extensive range of brokerage services for residential and commercial properties within downtown areas across the globe. Downtown International specialises in the sale and marketing of off-plan residential developments and represents leading residential property developers showcasing an extensive portfolio of properties to our clients. For details, please visit www.downtowninternational.com.
About SDAX
SDAX is a regulated investment and trading platform providing multi asset securities and fund units. It fractionalises and tokenises institutional-grade real assets for trading on SDAX's blockchain powered exchange. SDAX democratises access into the universe of securities - private funds, private equity, private credit across different industries - for the benefit of a wider investor base. For more details, please visit www.sdax.co
For media queries, please contact:
Elliot Siow /
elliot.siow@rhtgoc.com
/ +65 8375 0417
Source: Downtown International
Sectors: Real Estate & REIT, Crypto, Exchange, Blockchain Technology, PE, VC & Alternatives, Regional
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
More Latest Release >>